Now Live: Bitcoin- and Tether – Margined FLOKI Listings

FLOKI, the self-nominated people’s cryptocurrency and the utility token of the Floki ecosystem, is now tradeable on BitMEX via two new listings – FLOKIUSD and FLOKIUSDT. FLOKIUSD Quanto Contract SpecsAs with all quanto contracts, the FLOKIUSD product has a fixed Bitcoin multiplier, regardless of the FLOKI/USD price. This allows traders to long or short the FLOKI/USD exchange rate without ever touching FLOKI or USD. Traders can post margin in XBT, and earn or lose in XBT as the FLOKI/USD rate changes. This allows users to gain exposure to the price of the FLOKI token and trade it with leverage, without needing to have FLOKI holdings.